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Theoretical Margins of Importing Soybean Oil in China--9/10/2020

2020-09-10 www.cofeed.com
Product Delivery CFR China Duty Paid Dalian Commodity Exchange (CNY/tonne) Spot GB Grade 3 Spread
USD/tonne CNY/tonne Contract Price Import Margin
SBO, US Gulf Nov/Dec 875 8800 Y2101 6800 -2000 6940 -1860
 
SBO, Argentina Oct 831 6820 Y2101 6800 -20 6940 120
Nov/Dec 836 6860 Y2101 6800 -60 6940 80
Jan/Feb 835 6850 Y2105 6650 -200 6940 90
Mar 817 6700 Y2105 6650 -50 6940 240
 
SBO, Brazil Oct 895 7330 Y2101 6800 -530 6940 -390
Nov/Dec 887 7270 Y2101 6800 -470 6940 -330
Jan 849 6960 Y2105 6650 -310 6940 -20